“Oil prices fell to a fresh six and a half year low in international markets Thursday, approaching the key USD 40 a barrel level after a surprise rise in US inventories added to concerns of a supply glut. US benchmark West Texas Intermediate (WTI) for delivery in September, which expires Thursday, dipped 26 cents to USD 40.54 in mid-day trade after falling sharply in New York to its lowest level since March 2009. Brent crude for October dropped 24 cents to USD 46.92 a barrel.”

Source: zeenews.com